Precisely, why sell it off if its going to be hugely profitable? Surely, then, the profit can be split between keeping RM efficient, thousands of workers in a job and help reduce the countries deficit! Selling off RM will only provide short term gain. Keeping it will be much better for the country as a whole long term.

Yeah, OK then.

Nope, to answer the OP's question!!

Terms and Conditions for Our People in Private Ownership The current position is that all terms and conditions that apply to Royal Mail employees would remain in place, on the same basis, were the company to be sold. To provide further reassurance, we will create a legally-binding and enforceable contract with the CWU. Pay and protections could not be changed for the period of the contract without CWU agreement. The Company will continue to have a predominantly full-time workforce on an overall national basis, as per our current agreements with the CWU. Our existing enhanced voluntary redundancy terms and excess travel terms have been extended for the life of the modernisation revisions. Our commitment to managing change without recourse to compulsory redundancy will remain in place. - See more at: http://www.royalmailgroup.com/royal-....TQ8tKf0W.dpuf

Why not?

As I said before its only a good thing for the short term, ^^^ thats a 3 year deal ^^^. After 3 years then look forward to posties being on part time contracts or zero/one hour contracts. The days of having a regular postman will then be gone. I also think the universal service will be under threat once privatised and the new owner realises how much the town/company deliveries subsidise the rural deliveries, then you can say goodbye to the one price fits all service we get now.
The government could make so much more money by looking after RM and keeping it in public hands.......

Because its a public owned business that should stay public imho......

I've decided to buy some, must be worth a punt!

Irish currency not accepted.

If it does become successful then it can be renationalised like Railtrack :mad:

No. Letter delivery is a dying business. Packets and parcels, they have competition.

There was an independant postal expert the other day saying in 10 years, we will have 3 day a week delivery. Letters are down 7% a year. He wouldn't buy any shares.

They said something similar in the late 90's when e-mail started to really take off, it proved to be bollox then too.

spoke to our royal mail collections guy, "not a chance!" he said of him buying any

They need such an overhaul I just can't see it working,

Of course, those collections guys are always at the cutting edge of the finance world.:wonder:

:lol1:

I think people working at the company will have a better idea than a pseudo scoobynet investor, I deal with royal mail everyday and they are massively disorganised and waste is immense, there costs could be cut by a massive percentage I would hazard a guess they could easily make double digit cost saving but they are going to have to fight against the workers to do this. You have to realise that there are people working at RM who will deliberately sabotage when it is privatised...

Thanks, I'm going to double the number of shares I was proposing to buy:thumb:

What part of RM do you deal with?
Just wondering as you seem to think there are massive savings to be had, despite the company going through an ongoing and fairly major modernisation programme.......

Don't believe everything you read on the net ;)

I am a business customer and deal with people at a main super hub, delivery office and general enquires at customer service, one thing I know they love to throw money away on is vehicles, they are always using hire vans yet have stacks of other vans in the yard not being used because they are the wrong size or broken, out postmen turned up in good own fiat pinto car today!

The parts that have been modernised that I know of have been done poorly and are not working correctly, talk to the foot soldiers at any company and you will find out what is going on, I would estimate it will take 10 to 20 years to make any decent changes the staff will not fall in to line!

On the technology front they have hired 100s of IT people in the last 6 months or so - at all levels and capabilities - my inbox is full of adverts all the time. They know their IT is arcane and are investing (from their profits) to completely overhaul it. They are also actively looking for new opportunities in all areas that they can - I know as we are working with them on a new project.

I personally think that with their footprint, their fantastic brand name, their legal position in the UK, their entry into so many companies throughout the world, that if they do it right (and the current Board seem like they know what they're doing) then there is no reason that once released from government ownership and into private, that they will totally flourish. Its a credit to the whole company that they have turned around from loss-making to profit in the recent time.

Worthwhile buying some? Yeah, I think so.

Ooh - going to be sold sooner rather than later it seems...

http://www.bbc.co.uk/news/business-24294745

Seems like they could be worth a punt, certainly in the short term anyway:

Postal economist David Stubbs told the BBC that the pricing of the shares was "low".

"Under some scenarios, this looks cheap. If the Royal Mail is able to keep its market share and to keep its industrial relations issues under control, then this pricing is low.

"It looks like the price reflects the government's desire for a quick sale."


Mr Stubbs added, however, that if there were continuing problems with its labour relations, and if competitors began to gain an advantage, the value would be less than the range given by the government on Friday.

current profits are not realistic, certain tweaks were made over the past 12 months at royal mail to make a massive increase in profits but these small changes they made can not be done again, everything has been done to make the profits look good for this share offer, I could see what they were doing a mile off about 18 months ago. in the long term the value will probably go up but you only have to look at other delivery companies and may are having hard times even through they are busy.

Better get your applications in quickly. Privatisation sped up to pre-empt any strike action.

My application is in, find out on the 11th if I get anything.:thumb:

Ordered mine today.

Thanks to Milliband my Utility shares are still down.

Worth a punt I think matey, let's see how we do:thumb:

:thumb:

With the only option for us mere mortals to buy into Royal Mail at £750 it was obvious it would be the mates of the government that would be coining it in.

I used to laugh at the New Statesman program years ago and thought it was so far fetched but over the last few years with what has been made public I just think it seems more like a documentary instead of a comedy program

http://www.dailymail.co.uk/news/arti...il-shares.html

A great deal for the institutions, now trading at 480 p, bought at 330 p IIRC? Plus one billion in London property to flog off and the taxpayer is lumbered with pensions liabilities.